---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-23-000011"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:17:45.827147+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings Q4 2022 beats; non-GAAP EPS $0.84 (+25% YoY); revenue $612.1M

## Summary
- Q4 revenue $612.1M (-5.3% YoY); net earnings $36.1M; diluted EPS $0.73.
- Non-GAAP diluted EPS $0.84, up 25% YoY; Adjusted EBITDA $74.4M (+3.2% YoY), margin 12.2%.
- Progressive Leasing GMV $540.9M (-14.8% YoY); write-offs improved to 6.5% from 6.8%; e-commerce 20.4% of GMV.
- Repurchased $36.2M stock at avg $17.83; $337.3M remaining under $1B buyback program.
- FY 2023 guidance: revenue $2.34B-$2.44B; adjusted EBITDA $215M-$245M; non-GAAP EPS $2.11-$2.54.

## SEC filing metadata
- accession: 0001808834-23-000011
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000180883423000011/0001808834-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883423000011/prg-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-23-000011
- JSON: https://secwatch.observer/filing/0001808834-23-000011.json
- Plain text: https://secwatch.observer/filing/0001808834-23-000011.txt

## Key facts
- Earnings Releases
  PROG Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $612.1 million, net income $36.1 million, EPS $0.73. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $612.1 million
  - Net income: $36.1 million
  - EPS: $0.73
  - Guidance: initiated
  - Result: reported results
  source text: 1933. --- EX-99.1 (EX-99.1 PRESS RELEASE 4Q2022) --- PRESS RELEASE 4Q2022 Document Exhibit 99.1 PROG Holdings Reports Fourth Quarter 2022 Results • Consolidated revenues of $612.1 million • Consolidated earnings before taxes of $53.7 million; Adjusted EBITDA increased 3.2% year-over-year to $74.4 million or 12.2% of revenues • Diluted EPS of $0.73; Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808834/000180883423000011/0001808834-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.